Equities

Reuters reveals China's SenseTime plans IPO, U.S. R&D center as early as 2018

23 NOV 2017

Reuters reported exclusively that Chinese artificial intelligence start-up SenseTime Group, valued at more than $2 billion, is planning an IPO. Founder Tang Xiaoou said in an interview that the firm also aims to open a U.S. research and development centre as early as next year. The Hong Kong and Beijing-based deep learning firm is a leader among Chinese AI startups that are enjoying fast growth amid demand from the government and private sector for their facial recognition technology.